Listing Agency: Furman Capital Advisors Show Phone

Listed By: Trey Snellings · License #105869

Source: Crexi

Added: Apr 11 Changed: Aug 22 Last Checked: Aug 31 at 4:15PM

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Investment Insights

Based on property information with market context.

This property is a historic schoolhouse that is currently 100% occupied and has been positioned for a Class A multifamily conversion. The asset is offered for sale, with the seller indicating willingness to provide owner-financing at below-market terms.

Located in downtown Spartanburg at 600 Magnolia St, the property is positioned within a central, established setting.

For additional details, including financing terms, contact tsnellings@furmancap.com.

Key Highlights

• Historic schoolhouse currently 100% occupied and being converted to Class A multifamily
• Conversion located in downtown Spartanburg
• Seller willing to offer owner‑financing at below market terms (details available via tsnellings@furmancap.com)

Property Analytics

Property Profile

Current Use

The Brick Lofts Apartment Building Fremont School Tour Operator

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Storage Facility Pet Grooming Service Florist Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

1,559

Businesses Nearby

Explore this area Business Placement

Demographics for 29303, SC

26,793

Population

10,891

Households

2.5

Avg Household Size

33

Median Age

12%

College-Educated

76%

High-School Grad

32.4 sq mi

ZIP Area

827

Density / Sq Mi

$45,713

Median Household Income

$24,506

Median Earnings

$968

Median Rent

$143,600

Median Home Value

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Specialty property - Historic schoolhouse currently 100% occupied and being converted to Class A multifamily in downtown Spartanburg.

Where is this specialty property located?

The property is located at 600 Magnolia St Spartanburg, SC.

What are key features of this property?

This property features: Historic schoolhouse currently 100% occupied and being converted to Class A multifamily; Conversion located in downtown Spartanburg; Seller willing to offer owner‑financing at below market terms (details available via tsnellings@furmancap.com)